The Association of Gaming Equipment Manufacturers (AGEM) unveiled Thursday the results of the AGEM Index for September, showing a decline by 91.73 points to 739.77, an 11% fall from the prior month.
Compared to the same period last year, the index was down 306.97 points, or 29.3%. During the latest month, 11 of the 12 AGEM Index companies reported stock price decreases, resulting in 11 negative contributions to the AGEM Index and one positive contribution.
The largest negative contributor to the monthly index was Aristocrat Leisure Limited, whose 7.8% decrease in stock price led to a 44.19-point loss to the index. Additionally, Konami contributed a 13.67-point decline in the index due to a 5.7% decrease in its stock price.
The lone positive contribution to the index was Agilysys, whose 6.9% increase in stock price resulted in a 2.22-point gain for the AGEM Index.
All three major U.S. stock indices saw month-over-month decreases in September 2022, marking the second consecutive month of across-the-board declines. The Dow Jones Industrial Average fell by 8.8% from August, while the S&P 500 declined by 9.3%. Meanwhile, the NASDAQ fell 10.5%.
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 12 global gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange and one on the Tokyo exchange.
Back in August, the Index also perceived declines by 32.33 points to 831.50, marking a 3.7% fall from July. Seven of the 12 AGEM Index companies reported stock price decreases, which resulted in eight negative contributions to the AGEM Index and four positive contributions.
The largest negative contributor in August to the index was Konami, whose 9.7% decrease in stock price led to a 19.75-point loss to the index. Crane Co. contributed a 5.21-point decline in the index due to a 4.6% decrease in its stock price. Meanwhile, the largest positive contribution to the index that month was PlayAGS, whose 55.3% increase in stock price equated to a 3.22-point gain for the AGEM Index.
Original article: https://www.yogonet.com/international/news/2022/10/06/64536-the-agem-index-drops-for-second-consecutive-month-in-september-by-falling-11-
